We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 24 July 10
ANALYSIS - GROWTH IN VESSEL SUPPLY PRESSURES OCEAN FREIGHT RATES
 It's common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it be transparent in rising shipping rates and demand to move product across the ocean. But rates have tumbled dramatically in the past two months. A benchmark indicator is the U.S. Gulf to Japan route for a generic 50,000-tonne vessel. In mid-May, rates were US$73/t and dropped to $51/tonne one week ago, now rising slightly to $55/t.
The greatest declines are for the biggest vessels (70,000t tonnes or more), the ones used to carry iron ore and coal from Australia and Brazil to China. Such ships cost about US$48,000 a day in late May; but are now only about $18,000 a day, according to industry participants. China's demand for steel appears to have cooled following the recent price surge during the first half of the year and China's effort to cool property markets by restricting credit.
This doesn't imply the beginning of a permanent downtrend. China's economy may be slowing, but the need for raw ingredients can be expected to continue to rise... just that it comes and goes in waves. Furthermore, supply of ships is increasing. It takes about two to three years for a ship to be built and ready to sail after an order is placed and the freight rate spike of three years ago accelerated orders. During first-half 2010, new vessels are coming into service at a rate of 16 a month, a 23 per cent increase over last year, according to industry sources. However, this is now increasing to 23 a month.
Container rates, meanwhile, are reported to be flat. Freight rates from Vancouver to India have slipped fromUS$70-75/t three months ago to$55-60/t. This has helped edible pea bids. Vancouver to China is about U.S. $35/t, down from three-month ago levels of around $50/t. Cheaper ocean freight is generally considered favourable as it lowers the cost of landed goods. Right now, this feels more like a supply growth push in vessel availability than a collapse in demand.
Source: Resource News International / Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
|
|
|
Showing 5906 to 5910 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
|
| |
| |
|
